Buying a property can be an emotional time. It is very easy to make decisions with your heart and not with your head.

Obtaining a pre-approval for a home loan from a banker or broker is an important step.

Whilst a pre-approval does not guarantee that finance will be unconditionally approved, it does give you a good idea of your budget.

Your banker/broker will also be able to holistically advise you on the different costs involved in purchasing a property. It isn’t just the purchase price. Other costs that need to be considered in your budget are your:

• conveyancing fees
• settlement adjustments (council & water rates)
• lenders mortgage insurance and
• stamp duty

Once you have consulted with a banker or broker and you have pre-approval, you are now ready to start looking and making offers on properties that are within your budget. Make sure you do stick to your budget!

You will need to provide the agent with your conveyancer’s details. Contact us if we can assist.

The above is general advice only. We are a friendly team and would be more that happy to chat with you about your purchasing plans in more detail

Ashlea & Jasmine